Discussion:Blueberry tree replacement-expense or capitalize

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Discussion Forum Index --> General Chat --> Blueberry tree replacement-expense or capitalize

Rduran (talk|edits) said:

8 March 2010
I do not have much experience doing farm tax returns so I hope to get some help here. Client had to replace 10% of his blueberry trees lost to a desiese. Trees were not on pruduction yet. Can we expense the cost of replacements or do we have to capitalize them.

Kevinh5 (talk|edits) said:

8 March 2010
they only grow as high as bushes where I'm from

Kevinh5 (talk|edits) said:

8 March 2010
when I lived in Western Michigan that's all I saw there, too.

Rduran (talk|edits) said:

8 March 2010
Ok Kevin, I agree they are rather bushes. So can we expense the cost of replacements?

Kevinh5 (talk|edits) said:

8 March 2010
yes

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